Current Accounts

Faulu Microfinance Bank Limited Hazina Current Account Details

Rates available from as of 1st April 2021
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Faulu Microfinance Bank Limited

Hazina Account
Min Opening Balance
KES
0
Maintenance Fee
KES
0
Ledger Fee (Per Transaction)
KES
0
No opening balance required
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Account Details

  • ‍‍Opening balance:  0
  • Operating balance: Ksh200
  • Maintenance fees: No fee
  • Ledger fees: No fee‍

Transactional Charges (per transaction)‍

  • OTC withdrawal: ksh100
  • OTC cash deposits: 0.2% for above 1M
  • Internal Transfers: ksh100
  • RTGS: ksh500
  • International transfers: ksh1,750
  • ATM Withdrawals: ksh50
  • Salary processing: ksh100
  • Standing Orders: ksh200‍

Account Access Charges‍

  • Debit card: ksh500
  • Cheque book: ksh15 per leaf
  • Bankers cheque: ksh100
  • Counter cheque: None
  • Standing order: ksh200‍

Account Management Charges (per request)‍

  • ATM Statement: ksh10
  • Mobile banking statement: ksh10
  • Branch Statement: Free
  • Mobile balance enquiry: ksh10‍

Penalty Charges (per instance)‍

  • Failed standing order: ksh2000
  • Cheque ‘Refer to drawer’: ksh2000‍

Documentation Required‍

Money254 Review

Pros:

  • No ledger and maintenance fees
  • No opening balance required
  • Access to debit and cheque book

Cons:

  • Cash deposits of over 1m charged 0.2%
  • OTC withdrawals charged ksh100
  • Account closing charged ksh200

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